X-Press Feeders has retaken the top spot from DP World unit Unifeeder as the world’s largest shared feeder provider.
Alphaliner’s latest report, released today, states that Singapore-based X-Press Feeders, now the 16thth The largest operator has expanded its fleet by 2.1% since June 2022 and now has a capacity of 134,773 TEU, including 71,232 TEU of its own ships.
Over the same period, Unifeeder (#19) has reduced its fleet capacity by 18% and now operates 118,571 TEUs of vessels, all made up of chartered tonnage.
Unifeeder began reducing its fleet after volumes between Asia and Europe fell to pre-Covid-19 levels, impacting demand for the Aarhus-based transport company’s feeder services between northern Europe and the Baltics. In the process, Unifeeder delivered more than 7,000 TEU from ships that have since been used by other shipping companies in the European short-sea segment.
Acquired by DP World in 2018, Unifeeder is an asset light operator that relies entirely on the charter market for its tonnage needs.
Of the fleet of X-Press Feeders, 51% is owned, up from 42% in June 2021.
X-Press Feeders’ backlog now stands at 90,000 TEU, which is an impressive 65% of the existing fleet. This includes six 1,250 TEU methanol dual-fuel container ships that entered service with CSSC Huangpu Wenchong Shipbuilding on May 31 and are scheduled for delivery in 2025 and 2026.
Not all newbuilds from X-Press Feeders are self-operated, and two 7,000 TEU vessels under contract with Shanghai Waigaoqiao Shipbuilding have been chartered to CMA CGM, which is actively seeking more tonnage as mainline operators continue to battle for market share.